Key Notes
- The Pascal hardfork of BNB Chain brings features like gas fee optimization, batch transactions, and enhanced smart payment interfaces.
- Upcoming upgrades, Lorentz in April and Maxwell in June, will reduce block times to 1.5 seconds and 0.75 seconds, respectively.
- BNB Chain has seen a surge in decentralized exchange (DEX) activity, with meme coins significantly boosting trading volume
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BNB Chain has successfully implemented the Pascal hardfork while introducing significant improvements to its ecosystem. This upgrade brings along the EIP-7702 smart contract wallet with features such as optimized gas fee abstraction, support for batch transactions, and enhanced smart payment interfaces.
The Pascal hardfork will bolster Ethereum Virtual Machine (EVM) compatibility with the BNB Chain while enhancing the overall developer experience on the network. Additionally, developers have shared the future roadmap for the BNB Chain that will introduce further performance enhancements. The two key upgrades in the future roadmap read:
- The Lorentz upgrade, scheduled for April, will reduce block time to 1.5 seconds.
- The other is the Maxwell upgrade in June, which will further cut block time to just 0.75 seconds, ensuring faster transaction finality and network efficiency.
BNB Chain Dominates the DEX Market
Binance’s native blockchain ecosystem BNB Chain has witnessed a sharp surge in the decentralized exchange (DEX) activity while challenging Solana’s dominance in this space.
“For six consecutive days, since March 15, DEXs built on BSC have accounted for over 30% of the total DEX market share, outpacing other chains and reinforcing BNB Chain’s position in the DeFi space,” the firm wrote.
Additionally, the BNB Chain has been expanding its market footprint while expanding to AI integration and RWA tokenization.
Earlier today, meme coins on the BNB Chain contributed significantly to its decentralized exchange (DEX) trading volume. This trend indicates that the BNB Chain is steadily gaining credibility within the meme coin community.
According to Binance, the BNB Chain has been generating over $1.6 million in daily fees since March 17. This impressive performance positions the ecosystem ahead of Bitcoin in terms of growth rate over the past week.
BNB Price Rally to All-Time High Soon?
BNB
BNB
$623.1
24h volatility:
1.4%
Market cap:
$90.91 B
Vol. 24h:
$518.00 M
price for a long time has been flirting at the crucial resistance of $630 while waiting for a catalyst for a strong breakout. Over the past week, BNB has staged 10% rally with daily trading volumes remaining healthy above $2.1 billion.
Popular analyst Crypto Rover stated that once the BNB price breaks past this resistance, it can just teleport to $1,000.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
